PetroChina Guangxi Petrochemical Breaks Ground for Large-scale Oil Refining Project

abarrelfullabarrelfull wrote on 22 May 2012 12:14

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30 December 2006

PetroChina Company Limited ("PetroChina" or "the Company",SEHK:0857; NYSE symbol PTR) announced today a groundbreaking for a new oil refining project with a 10 million tons per year capacity in Qinzhou city in Guangxi Zhuang Autonomous Region,Southwest China.

With a single set confignration,It comprises of ten large-scale main installations which include a 10 million ton per year atmospheric vacuum unit and the projects comprising of an oil wharf and tank farm.The main installations boast the largest in China.

Upon completion, the new plant will provide 7.6 million tons per year of refined product oil,LPG,polypropylene and other petrochemicals to southwest China market.

The Guangxi 10-million-ton refining project is the first of its kind constructed by PetroChina in southern China. The port based project will help PetroChina ultilze oversea's crude oil more efficiently and further mitigate the fight supply of product oils in southwest China, whilst at the same time promote local economic and social development.  

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